Specialty Paper Market Size, Growth Analysis Report, Forecast to 2033

 The Specialty Paper Market envisions a promising future, poised to expand at a notable CAGR of 5.1%, reaching a projected valuation of USD 26.9 billion by 2033. The Kraft segment, with a 7.1% anticipated growth, is set to contribute significantly, driven by escalating demand for luxury bags and innovative packaging solutions. As the top three countries are projected to collectively hold 40-45% of the global market by 2023, the industry is strategically positioned for regional growth.

Specialty paper’s integral role in the flexible packaging paper market, accounting for 31% of the USD 50 billion industry in 2022, underscores its versatile applications. The future growth trajectory is further underscored by the rising demand for specialty paper in interior designing, where it serves as a decorative element.

With an estimated incremental growth opportunity of USD 10.5 billion, the Specialty Paper Market is poised to thrive, driven by diverse applications and increasing demand for safe and hygienic packaging solutions.

Access Full Insights—Read More About This Report Now!

Furthermore, the top three countries are forecasted to command 40% to 45% of the global industry share by 2023, signifying concentrated growth. A substantial influence is drawn from the realm of interior design, as the demand for specialty paper intensifies alongside the trend of ornate home decor in both developed and developing regions.

With its pivotal role in the flexible packaging paper market, the Specialty Paper industry is carving a niche as a resilient and innovative sector within the broader paper industry.

Specialty paper comes with various added benefits such as moisture resistance, lightweight, waterproof, cost-effective, customizable, and others. It is available in numerous types as per the requirement of end-use application such as décor paper, Kraft paper, thermal paper, carbonless paper, and others.

Specialty paper is also non-reactant in nature, which is suited for food & beverage packaging. Considering the overall benefits, the global specialty paper market is projected to experience soaring demand among several industries, especially packaging and building & construction.

Key Takeaways from the Specialty Paper Market

  • Décor product type segment is estimated to hold nearly 41% of share in 2023 and expand by 1.7 times the current specialty paper industry during the forecast period.
  • Based on end-use application, the packaging segment is expected to create an incremental revenue opportunity of nearly USD 5.0 billion in the next ten years.
  • India specialty paper market is estimated to generate a share of around 44% by the end of 2033.
  • The USA specialty paper market is likely to expand by 1.8x the current value during the forecast period.
  • Germany specialty paper industry is anticipated to expand at a CAGR of 3.4% during the forecast period.

 “The finest paper to use for creating decorative objects is a specialty paper with good printability. Due to urgent need for aesthetic goods that are both biodegradable and environmentally friendly, specialty paper enables producers to offer a wide range of products that are in high demand,” says a lead analyst at Future Market Insights.

Competitive Landscape

Key specialty paper companies faced a reduction in terms of sales and market share during the pandemic back in 2020. However, at present, these players in the global market are gaining high share by developing new products in the specialty paper segment.

Key Players

Mondi plc; Nippon Paper industries Co., Ltd.; Domtar Corporation; Stora Enso Oyj; International Paper Company; UPM¬-Kymmene Oyj; Ahlstrom¬Munksjö Oyj; Oji Holdings Corp.; ONYX Specialty Papers, Inc.; Potsdam Specialty Paper Inc.; KJ Specialty Paper Co., Ltd.; Nordic Paper AS; Asia Pulp & Paper Group; Pudumjee Paper Products; BPM Inc.; The Griff Network (Griff Paper and Film); SWM International; LINTEC Corporation; Monadnock Paper Mills, Inc.

Recent activities and mergers implemented by leading players in the specialty paper industry are

  • In March 2022, Stora Enso Oyj launched a renewable high strength material for paper bags named CarrEco Brown. It is made from fresh fibers, provides tear resistance properties, and is safe for food contact packaging.
  • In October 2022, Mondi Group announced the investment of 400 million euros in a new Kraft paper machine at the Št?tí mill in the Czech Republic.
  • In May 2021, Domtar Corporation announced entering into a definitive agreement for strategic business combination under which the Paper Excellence Group acquired all of the shares of Domtar common stock.

Specialty Paper Market Outlook by Category:

By Product Type:

  • Décor
  • Thermal
  • Carbonless
  • Kraft
  • Other Types

By End Use Application:

  • Printing & Writing
  • Packaging
  • Building & Construction
  • Industrial
  • Other Commercial End Use

By Region:

  • North America
  • Latin America
  • Europe
  • Middle East & Africa
  • East Asia
  • South Asia
  • Oceania

Comments

Post a Comment

Popular posts from this blog

OTT Content Market Research Report 2022 to Global Forecast till 2032

 The global  OTT content market  is anticipated to reach a valuation of US$ 434.98 Bn by 2032, with the market expanding at a prolific CAGR of 17.4% from 2022 to 2032. Predicted to reach an estimated US$ 87.46 Bn in 2022, the target market is likely fueled by a notable surge in market penetration as well as escalating demand for subscription-based services in emerging economies. The heightened popularity of live streaming channels will further aid the growth of the OTT content market during the forecast period. The deep market penetration of 4G and rising 5G infrastructure development across the globe aids the market growth of OTT content. An upsurge in high-speed bandwidth- which is an important criteria for proper functioning OTT services- propels the target market growth. The widespread usage pf high speed internet and smartphones, at competitive prices, amplifies the demand for the OTT content market. The gradual preference for SVOD over conventional TV services will supplement thi
Read more

Digital Transformation in Healthcare Market Trends | Segmentation, Outlook, Industry Report to 2033

 The global  digital transformation in healthcare market  is valued at approximately USD 65.2 billion in 2023. It is anticipated to grow to about USD 253.6 billion by 2033, with a consistent annual growth rate of 14.5% from 2023 to 2033. As digital health platforms like telehealth, mobile health, and wireless technologies become more common in medical facilities and nursing homes, they are providing patients with immediate access to medical care. This has made digital health a widely recognized term in healthcare. The impact of digital technology on various sectors such as public, retail, banking, financial services, and insurance (BFSI), and production is tremendous, but it has evolved into a game-changing technology in the medical field as end users’ reliance on digital health platforms grows. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-708 The emergence of healthcare smartphone applications and incentive proposals by gover
Read more

Flame Arrestor Market 2023 Outlook, Current and Future Industry Landscape Analysis 2030

  The Flame Arrestor market is witnessing robust demand due to increased industrial safety regulations. Growing awareness of explosion prevention measures in various sectors, including oil and gas, chemicals, and manufacturing, is driving the adoption of flame arrestors. The market is poised for expansion as companies prioritize safety solutions to mitigate the risk of fire and explosions. Flame Arrestor Market size was valued at USD 923.8 million in 2022 and is expected to grow to USD 1540.4 million by 2030 and grow at a CAGR of 6.6% over the forecast period of 2023-2030. In today's fast-paced corporate world, where agility and intelligence define success, having a sophisticated understanding of market dynamics is critical. In this environment, our thoroughly prepared Flame Arrestor market research study shines as a beacon of unrivaled wisdom, guiding businesses to strategic brilliance. Our study, crafted with accuracy and predicated on thorough data analysis, doesn't just ski
Read more